Up as u. S. Orders chinas consulate in houston to close. The big question when will Corporate America join in this fight . At least 15 people shot last night in chicago as gunfire erupts outside of a funeral home. Local opposition remains to President Trump sending in the troops. Talking about the federal Law Enforcement help. Well take constitutional look at this what it says there with jenna ellis and the human toll with deneen borelli. We have a power packed show on making money. Charles the broad market essentially spinning its wheels clearly wasting for microsoft and tesla to report Quarterly Results after the bell. They lost a little bit of oomph after reports yesterday stimulus talks were going poorly. I bring in three favorites to go over whole bunch topics. Kaltbaum capital management, Gary Kaltbaum and katheryne rooney vera and Heritage Capitals paul schatz. Gary, were watching the market. It is quiet on the surface. It is quiet. You Like Technology and technology, software, they look great. Itv is up. Those are the areas that seem to do well even as the overall market continues to sort of move sideways . Well, my take on the tech they have had a big run and probably a little bit of resting here. I tell you what i am seeing which im starting to love, broaden out of the market. Housing and housing related. Home depot, lowes, Sherwin Williams moving to new high ground. Lithium motors in new cars. Market is broadening out quietly. That is fine by me. That augers well Going Forward. We will get pullbacks and scare days but so far all pullbacks have been nominal, shortlived. Until that changes i think you go along with what youre seeing. Charles kathryn on september, june 8th, june 9th, the s p had 191 winners. They pulled back. We have yet to get back there. To garys point, stealth broadening of rally is 2018 great. Doesnt look, is that sort of what you think is going on here . What does it mean for the rally Going Forward . Yeah, broadening out of the market is a positive sign. Face facts, there are five stocks, big five tech stocks that have taken the markets higher exclusively because of those five names since 2017 and my concern, charles, something we havent discussed yet, july 27th, some ceos from some of the top big tech names appearing on capitol hill. Were in an Election Year with a very possible chance of a change in power to the democratic side. So what will that mean for antitrust and regulatory issues for these big names, five of which comprise 25 of the s p 500 . So yeah, lets hope and lets bringing for that broadening out of the markets, charles, but the fact is, there are five bigname tech stocks that comprise a quarter of the s p 500 market cap. If those drop, whether it be because of regulatory issues, political issues, government pouncing on these giants, then markets take a swoon. Charles markets could take a swoon. We always look beneath into what is names that are up and down. Paul, i think this is a sort of a coiled spring. The First Six Months we set all kinds of records for volatility. It feels odd and but feels ominous for others . Look, the vix is 25 right now, down from above 80. So clearly volatility is coming in so much. The more volatility drops, the more the vix goes down, the higher stocks can go. In the short term i think we have the biggest chance for a pullback as weve seen since the bull market launched on march 23rd. I would not be surprised to see the dow sub 25,000 in the next six weeks or so. So i think, it is certainly time to prune here, find things you really love to own. Charles really . Fed will take care of that. Charles the market in the meantime, if you looked all morning, it was really indecisive. We got news operation warp speed. Largest deal yet. Pfizer, 2 billion, 100 million doses of their experimental covid19 vaccine. These announcements have given market a boost last couple weeks. Could it be a doubleedged sword if the vaccine doesnt appear in two or three months . Katherine, some of these names look very attractive as investments. Your thoughts, are we putting too much open to this . I think we are, charles. I think this comes down to the fed. The fed is widening out its asset purchases and increasing them in size. If the market take as swoon, the fed will not allow it to make new lows. You can expect the fed to broaden out its purchases of highyield bonds, maybe move in even to equities to preclude new lows in the s p 500. I think the vaccine is in the offing. I dont think it will move too much. If we get, if we do not get the stimuli the markets currently priced in 100 , which means additional fed purchases, which means an extension of the 600dollar by the end of this month in unemployment benefits, which means additional trillions of dollars in the fiscal deficits, then i think the market could drop but he it is really all about the stimuli both from the federal government and from the all powerful federal reserve. Charles now speaking of covid, in the meantime things have changed, right . We saw thermofisher come out with pretty strong earnings. We saw u. S. Home sales increase, in fact the largest monthly increase with the june number. It would be higher if it wasnt for the short supply. Here is the thing, paul, gary talked about some of these stocks earlier. Stocks associated with home building. Home builders are through the roof. Carpet makers are through the roof. Lumber is through the roof. Home depot had a great number. Coronavirus changed the way were investing. What are some investments that you made . Well, first i have, gary laid out some very popular names. Just like with the vaccine stocks, a lot of new era stocks, if you will, pandemic stocks have gone almost vertical. Depends what lens you will wear to buy them. If youre a shorter term person, you cant buy a stock that appreciated 75 to 100 in couple months. But to your question about how we pivoted, i continue to make my list of haves and havenots. I dont want to overload any of the portfolios with haves or havenots. I think in the strength, you can pare back the havenots. Charles any names youre buying though, paul . Have you made any changes . Have you made any changeses . Okay. Things have changed. Used car sales are through the roof . Do you own any of those . What do you own or have you bought or have you sold . We recently trimmed apple. We recently trimmed amazon and we recently trimmed alibaba. On the back side of that and we recently trimmed wpx i with is in the shale space in texas. I bought deck ard outdoors, i bought wendys, if i am wrong, i can will be, i will not be hurt too much. I cannot jump on board. We own a couple of homebuilders. But i didnt buy them yesterday. We bought Berkshire Hathaway as a more contrarian play. Charles that is a contrarian play. Whoever thought we would say that. Gary, i want to give you a shoutout. Two weeks you said buy gold. Gold is looking phenomenal. I think silver is looking better, silver breaking out. Gold is right near the alltime highs. Silver could double to get alltime high. People are asking more and more should these be places to be . We talk about fed. We talk about money printing. We talk about debt all the time. What do you think . Shorter term they can pull back but i think they are going higher. Unfortunately our currency is heading south because this man running the central bank, i will be careful about what i say is just too easy with the money and i think having said it best, if the market drops 5 he will start buying stocks. I think that is good for gold and silver has gone en fuego here. I think this is a move that is going for a while. I do have to mention, yesterday, for the first time in eons, i bought a little bit of the oil patch in that it looks like theyre trying to put in some sort of a low. It is underowned, underloved, underleveraged. If Oil Prices Start to tick up, it will do well. I keep close stops in face. 15 of my assets are in gold stocks right now. Quite happy. Not adding just yet. But on pullbacks i will add. I think they have a ways to go based on what Central Banks are doing around the globe. Charles you know, i gave a silver name yesterday on the show. That is up 8 today. Kathryn, i have less than a minute to go. Gary and paul expressing looking at value, looking at things that are oversold in part because it helps your risk reward, right . Limited downside. Are you looking at any opportunities like that . Because these unloved names look attractive to a lot of people. Yeah, sure, and i will add financials to it. I love the gold trade. I think inflation will become a pernicious issue over the course of the next two or three years. We need to protect our portfolios against that eventuality. Bying tips, gold, uncorrelated assets. I will ad one thing in the conversation. Fallen angel bonds. Ford i recommended a month ago. Charles you did. Fed will continue to expand in the high yield space. There are fallen angel bonds that lost their Investment Grade rating over the past two months. Those names will be in the mix. That is one of my firm convictions. Look at fallen angel bonds, they just lot their Investment Grade rating. The fed will start buying. Nice juicy yield, between 7 1 2 to 8 . Charles you had me at nice juicy yield. Gary, paul, great stuff. Very much appreciate it. Folks, still to come, a lot we go on the show, including my message to joe biden, who just released the third pillar of his economic plan. Why selfreliance engenders more dignity than any government hashed out on any day of the week. Governments are waking up to china but u. S. Corporations play nice to beijing to boost the bottom line. What will it take for Big American Companies to join this fight . Well be right back. I was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. I appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles new cold war between the United States and china heating up. Communist regime is threatening to retaliate over closure of their consulate in houston. They said did nothing wrong. The state Department Says china was having spying operations there. The question that is looming large, will Corporate America step in to help . Joining me on that fred fleitz. Fred, it has been too long. This latest move this, latest incident, it feels like china continues to test this administration and this administration keeps showing china theyre serious and everyone is watching for the next shoe to drop. What will that be . Charles, great to be back on your show. You know the closing of this consulate in houston is very significant. We all know major countries spy out of embassies and consulates but the Chinese Government had to burn so many documents out of that consulate that the Houston Fire Department came because of the huge size of the flame and smoke. What was going on there . We know that china is bringing students into this country with fake visas who are really working for chinese intelligence and for the chinese military. There is massive theft of intellectual property. I think probably is going on in houston but the Trump Administration hasnt said that just yet. This is a country whose activities are knot consistent with modern society. It wants to destroy modern society. I think it is time for Corporate America to take action. Charles and the state department put out a statement saying that the decision was made in line with the Vienna Convention which says diplomats must respect the laws and regulations of the receiving state and have a duty not to interfere in the internal affairs of that state. There we have it on the screen. Now china, what do you think their response will be . You know they put out the typical statement, we will retaliate. I havent felt like, even going back to the war, the trade war that they have necessarily done anything provocative per se in terms of retaliation. I really feel like they want this to go away . Well, it is interesting because the consulate in houston has some kind of reciprocal relationship with the u. S. Consulate in wuhan is closed. If were closing consulate in houston, were evening the score between us and the other country. Wouldnt surprise me if chinese didnt use this as a excuse to close the u. S. Consulate in hong kong. Charles we both mentioned Corporate America. I just dont get it. Fred, when will Corporate America stand up . Im hearing Corporate America about Climate Change plans. Helping out stakeholders. I hear a lot of things from Corporate America. I never hear they care about the one million uyghurs essentially in the retraining camps. That we care about the theft of American Intellectual property. We care we invited china into the World Community of nations and all they have done is cheated and scammed us. Here is the thing, fred. China gets cover from the financial media, the Mainstream Media and Corporate America just doesnt say anything. It is all about the extra pennies. I think at some point they have got to decide who do they want to support, china or america . Thats right. Lets start with the nba. Darrell morey was trying to make a statement about hong kong. He was battered down by the nba. Plays will have statements on their jerseys black lives matter. I think black lives matter. So do hong kong lives, charles. So do uyghurs lives. If were sear us we have it stand up for the uyghurs who are not being ethnically cleansed, they are subject to genocide. The photos of uyghurs kneeling in a train station in china, with hands tied behind their backs, with hoods on before they got on a train. We know what this looks like. This looks like nazi germany. [inaudible] charles that was, those images were so frightening, so eerie, you know, fred. Youre right, it should shock the world into taking swifter action. Fred, thank you very much. Great seeing you. Good to be here, thank you. Charles all right, folks, coming up why joe biden and the democrats will never realize that selfreliance will have more dignity than government handouts ex, you might panic. Ex, you might panic. And in the midst of that panic, you might sell and run to cash. At the very moment, you shouldnt. At the very moment, prices are at their low. Thats my fear. Im not worried about the country. Im not worried about the financial markets, because in the long run, i know theyll be fine. Im worried about you. Im worried about how you will personally respond to this crisis. And even if you dont panic, you may. Charles joe biden spent over three decade in the senate before moving over to the white house to serve as Barack Obamas vice president. So what legacy did he leave on capitol hill . Hillary vaughn joins us for a look at bidens congressional career as well as whats next. Hillary. Reporter charles, what is interesting, if you look at then senator joe biden, all the way back in 1995 he sounded a lot like fiscal conservatives in congress sound today. Because decades ago in washington biden kept pushing for a balanced budget and said he would be making tough cuts to do it. Including touching things like Social Security an entitlements that democrats today to expand and spend more money on. So we dug up from the archives biden on the senate floor in 19945, making the case for 1995 making the case for cuts to hess colleagues. When i introduced the budget freeze years ago, the liberals in my party said it is an awful thing youre doing, joe. When i argued we should freeze federal spending. I meant Social Security as well. I meant medicare, medicaid, veterans benefits. I meant every single solitary thing in the government. I not only tried it once, twice, i tried it a third time and fourth time. Reporter biden views own debt have evolved. In 1995 National Debt was 4. 5 trillion. 65 of the gdp then. Today it is 26. 5 trillion. Over 123 of the gdp. Debt crisis is more critical now than it was then. Biden is not seen scolding big spenders in washington like senator Bernie Sanders. He embracing them, promising to be the most progressive president in american history. The programs biden rolled out so far, already total 6 trillion in new Government Spending. These are not pieinthesky dreams. We can take these steps now and publics ready. Reporter charles, what is interesting, i spent a lot of time with senator Bernie Sanders back in 2016 on the campaign trail. That is the same rhetoric he used to rallies his progressive supporters saying ideas he is proposing are not pieinthesky. It is interesting see joe biden sounding a lot more like Bernie Sanders than joe biden back in 1995. Charles. Charles they call that evolution in d. C. , hillar